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Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC) -- Ignore unavailable to you. Want to Upgrade?

To: rocket rider who wrote (5833)	8/24/1999 11:18:00 AM
From: TraderGreg	Read Replies (2) \| Respond to of 6957

I think a lot of people are failing to grasp a certain element of SEC reporting...the time delay. As you pointed out, the bad news is OLD news. People need to focus on a paragraph in the 10Q called subsequent events. Since the Q covers a period that ended 6/30/99, this subsequent event paragraph discusses items of interest/material events that occurred AFTER 6/30/99 but PRIOR to the filing date of the 10Q. The key paragraph as reported to the SEC and sworn to be accurate is this one, from NOTE 19 to the financial statements, Subsequent Events: [B] DEBT CONVERSION CANCELLATION - The Company negotiated and intended in July of 1999 to convert certain related party payables totaling approximately $1,900,000 into shares of the Company's common stock. On August 5, 1999, the option to convert was canceled. TG

To: rocket rider who wrote (5833)	8/24/1999 12:55:00 PM
From: im a survivor	Read Replies (1) \| Respond to of 6957

<<Question for you. Why are you worried about it? If I felt the way you do, I would have already sold>> I hold no position. I sold some at .175 and .225 on the way up. Sold the rest at lower levels on the way down. I still track it and am very interested in it's development. I put alot of faith in the company with a large investement. I did get out with a profit luckily. I am still interested simply because of my history with this stock. I could play it again...who know's. I wen't from being a very firm believer in this company to the point I defended it, and it's management to no avail. Slowly, I lost my confidence due to many, many factors. I thought I was investing in a company with a solid future...a good chance of breaking from the pack and having a fruitful future. I just don't see this anymore. I see a company struggling mightily with absolutely no identity. A very tough battle ahead. I don't see them doing anything to seperate themselves. They are acting just like the thousands and thousands of other wannabee's. Again, I ask the question..what will make me go to their site and buy the limited amount of items they sell ? What do they have, or offer that will cause me to buy from them ? That is what I see as the bottom line. I kept asking myself that question over a period of time and as time wen't by, I just couldn't come up with reasons as to why I would visit their site, or buy products from them. Jade...who the hell even know's who these guys are...other then they are in the same office building. Do you know easy it is to register as a legal business. I am not saying Jade is not legit......I have no earthly idea, but c'mon, who are they, what exactly do they do, how does Jade fit in with dmec...I mean the list of question marks go on and on. Jade could be 2 guys renting an office with grand plans, but nothing going on...what do we know. It sounds to me like a bunch of "grasping" going on. If everything was so rosy, we would know more.